I have traded regular stocks for a long time, and done well. I also consider myself to be very well informed and educated financially. I study markets and what makes them move everyday, and I use that knowledge in my own stock trading and investing.

When I started this site, it was my goal to provide reviews of all the forex trading strategies and auto trading systems as a way to make some “easy money.” But after reviewing just 3 of the 200+ trading systems, I almost had to barf there was so  much hype, misleading information and over-selling going on with these products.

making money with forex trading is more like winning a cage fight than cashing a lotto ticket

Some Quick Examples of questionable Bait statements from one popular forex product:

• “work your own hours”
• “start earning money immediately!”
• “1. Download trading robots, 2. Install the trading robots, 3. Watch your money grow on autopilot”

Wow, those all sound pretty great, why doesn’t everybody get a money making robot and live a carefree life of wealth, I wonder?

Does this Mean None of these Forex Trading Products Work?

Not at all, what it means is that these products are, in general, being sold using the salesman’s secret weapon: greed. And guess what, this is really good, because greed is one of the key emotions that any trader must conquer in order to make money.

To summarize, if you are buying forex trading tools hoping you’re going to find an easy way to make money, you’re sadly deceiving yourself and you deserve to lose your money.

These products are being sold to the “lottery” mentality, but unfortunately because of the access to leverage the forex market is much more dangerous than the lottery.

With the lottery, you are spending a dollar or two for a chance at a million or more. Marketers know that all they have to do is put the image of what your life would be like if you had a couple million dollars to spend, into your mind, and the emotions of those dreams become so strong that it is almost impossible not to buy the ticket.

The lure of complete freedom from financial stress is very powerful.

The marketers of forex products know the same thing, and they use the same images of financial freedom to create a powerful tug on your emotions to get you to try and play the forex lottery.

The fact is that auto trading robots do work, but they require a knowledgeable operator to run and monitor them. But they are sold as tools for rookies because that’s the easiest group of traders to take money from when you’re selling a product, but in fact these auto trading robots are primarily tools for experienced traders.

Unfortunately The Reality of Forex Trading is a little Different

There’s a huge difference between the lottery and forex trading.

The lottery is a game of chance, but forex trading is a tough game of skill.Remember this at all times: In order for you to make money forex trading, whether you are using a robot or any other system or your own skills, you only make money when someone else loses money.

Other people don’t like losing money! And when you are just starting out, everyone who’s money you are trying to take is probably smarter than you with a lot more experience.

Should I just give up trying to make money?

Not at all, but let’s enter into this forex trading thing with a realistic attitude.

• Treat forex trading as a business - including at least an outline business plan
• Be committed to success - you are not going to try some other way to make money in 6 weeks if you’re not rich by then
• Realize that you are the only one responsible for your success - if you haven’t been successful with money in the past, you’ll need to overcome you’re own limitations before you can succeed in forex trading

There is a great book called “The Dip” by Seth Godin. The gist of it is that in order to be successful at anything there is a period of extreme discomfort that must be passed through. This personal gateway is what gives the success (whether it is financial freedom or winning a gold medal at the Olympics) its value.

If it was easy to get rich, then everyone would be rich, right? Or everyone who played a sport would have an Olympic gold medal. But they aren’t and they don’t, because it’s hard.

Making something extremely hard seem like it is going to be easy, or simple or “automatic” is a great way to liberate naive people from some of their currency. The next time you’re buying anything that is promising you a better life (not just making money, but an easy diet, or finding the perfect mate) pretend they are selling you a method to win a gold medal at the Olympics.

Does their pitch seem to match what your intuition tells you about what it would take to win a gold medal at the Olympics, or are they making is seem simple and easy and diverting your attention from your own attention by dangling dreams of what your life will be like once you get to your goal?

So How Do I get rich with forex then?

Education, commitment, following a solid plan and honest self examination, not gimmicks.